Titleist Files for IPO

Acushnet Holdings Corp., the golf products company that owns the Titleist and Pinnacle brands, has filed for an initial public offering in the U.S. to allow shareholders to cash out part of their stakes.

The company could fetch a valuation of about $2 billion, people familiar with the matter said last year. Acushnet is owned by Korean retailer Fila Korea Ltd. and a consortium of investors led by Mirae Asset, which acquired the company in 2011 for about $1.23 billion.